StockNews.com Downgrades CSG Systems International (NASDAQ:CSGS) to Buy

CSG Systems International (NASDAQ:CSGS) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Tuesday.

A number of other equities analysts have also recently commented on CSGS. Wells Fargo & Company lifted their price objective on shares of CSG Systems International from $43.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th. Royal Bank of Canada upped their target price on CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Benchmark restated a “buy” rating and issued a $75.00 target price on shares of CSG Systems International in a research report on Tuesday, November 5th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, CSG Systems International currently has an average rating of “Moderate Buy” and an average price target of $62.00.

CSG Systems International Stock Up 0.0 %

CSG Systems International stock opened at $54.06 on Tuesday. The company has a fifty day simple moving average of $52.95 and a 200 day simple moving average of $49.12. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.84. CSG Systems International has a 1-year low of $39.56 and a 1-year high of $57.15. The company has a market cap of $1.57 billion, a P/E ratio of 23.82, a price-to-earnings-growth ratio of 1.44 and a beta of 0.88.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $1.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.06. The firm had revenue of $295.14 million during the quarter, compared to the consensus estimate of $283.13 million. CSG Systems International had a return on equity of 32.77% and a net margin of 5.52%. The business’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the company earned $0.74 earnings per share. Research analysts anticipate that CSG Systems International will post 3.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CSG Systems International

Hedge funds have recently bought and sold shares of the company. Fort Washington Investment Advisors Inc. OH increased its holdings in CSG Systems International by 0.4% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 389,369 shares of the technology company’s stock worth $19,901,000 after purchasing an additional 1,420 shares in the last quarter. Wilmington Savings Fund Society FSB increased its stake in CSG Systems International by 0.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 49,812 shares of the technology company’s stock valued at $2,423,000 after purchasing an additional 302 shares in the last quarter. TD Private Client Wealth LLC grew its stake in shares of CSG Systems International by 38.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock valued at $104,000 after buying an additional 586 shares during the period. Geode Capital Management LLC raised its stake in CSG Systems International by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company’s stock worth $33,039,000 after buying an additional 4,903 shares during the period. Finally, Dean Investment Associates LLC boosted its holdings in CSG Systems International by 116.1% in the third quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company’s stock worth $5,801,000 after acquiring an additional 64,066 shares in the last quarter. Institutional investors own 91.07% of the company’s stock.

About CSG Systems International

CSG Systems International, Inc, together with its subsidiaries, provides revenue management and digital monetization, customer experience, and payment solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers Advanced Convergent Platform, a private SaaS platform; and related solutions, including service technician management, analytics, electronic bill presentment, etc.